Carson Group Chief Market Strategist Ryan Detrick appeared on Benzinga PreMarket Prep on Friday to discuss the current state of the markets with Dennis Dick,…
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A handful of heavily shorted stocks experienced extremely volatile trading on Monday morning, leading some experts to speculate the 2021 short squeeze trade may have finally run out of steam.
The poster child of the short squeeze trade, video game retailer
GameStop Corp. (NYSE: GME), traded as high as $159.18 on Monday before dropping back below $79.
Meanwhile,
BlackBerry Ltd (NYSE: BB) initially jumped to $20.83 before dropping back to $17.30.
Bed Bath & Beyond Inc. (NYSE: BBBY) rocketed all the way up to $47.73 but then pulled back to $31.0.
Explaining The Action: Benzinga PreMarket Prep co-host Dennis Dick and Tim Quast, founder and CEO of ModernIR and Market Structure Edge, discussed the short squeeze trade on Monday morning’s show.